For every point along a demand curve, utility is being maximized.

Question

Quizplus · Accepted Answer

This statement is true. The demand curve represents the relationship between price and quantity demanded, and individuals will purchase the quantity that maximizes their utility (or satisfaction) at that given price. The point where the demand curve intersects with the supply curve represents the market equilibrium, where the quantity demanded and quantity supplied are equal.

For Every Point Along a Demand Curve, Utility Is Being